Hope took out a 10 -year amortized loan for $28,000 with an annual interest rate of 4% to pay his tuition at a technical institute. After 6 year, she refinanced the unpaid balance of $8,798 at a 5% interest rate. Find the total amount saved on interest by refinancing the loan. To save time, you are given the following relevant information: (GIVEN) The monthly payment on the original loan =$283.36 (GIVEN) The monthly payment on the new refinanced loan =$202.62 To earn full credit, complete the remaining steps in the process used to solve this problem. Part 1: Find the amount saved per month if Hope refinances the loan. Do not type any symbols or spaces. Round to the nearest cent. Part 2: Find the total amount saved on interest by refinancing the loan: (HINT: Use part 1 to determine the amount saved for the remaining time) Do NOT type any symbols or spaces. Round to the nearest cent